Money Coach Group Frequently Asked Questions

Money Coach Group Frequently Asked Questions2020-07-21T09:10:20-04:00
How can I afford this? I’m broke!2019-11-17T10:36:30-05:00

Yup, we get it. We’ve been there! What’s it worth to you to go from being stressed out and broke to being happy and building wealth?

The idea is that our services will pay for themselves every month, hopefully many times over. We’ll deploy an arsenal of budget hacks,  customized side-hustles, and many other tips and tricks to build your debt elimination/wealth-building plan.

We’ll show you so many ways to pay off debt, cut back, earn more, build wealth, and save on interest payments that our services are worth far more than the small monthly fee. What is your financial success worth?

Our mission is to give back, and we’ll do it as inexpensively as possible, always keeping your situation in mind. For that reason, there are no hidden costs, contracts, or gotchas. And we don’t just help you to BE. DEBT. FREE, we teach you how to stay debt-free! The financial impact of our guidance over the course of your lifetime should be immeasurable. Do it. Now.

Can I choose to work with a male or female coach?2021-04-10T10:46:56-04:00

You sure can! Just choose the coach of your preference in the form on our Contact page.

Isn’t filing bankruptcy better?2019-10-09T10:20:23-04:00

Filing bankruptcy can be incredibly expensive and not do what you think. Most folks think of Chapter 7, which will “wipe the slate clean.” But many kinds of debt can’t be bankrupted and will not go away. If you have a job, you probably won’t qualify for Chapter 7 and will have to do Chapter 13, which is a debt payment plan, plus you’ll have to pay a bankruptcy lawyer. We’ll do the same thing – put together a solid plan to pay off your debt, without the expense and stigma of a bankruptcy on your record. Do you really want to have to check that “Have you ever file for bankruptcy?” box on job applications and other important forms for the rest of your life?

What is a money coach?2020-06-10T08:04:37-04:00

Also known as a financial coach, a money coach is someone that provides knowledge, inspiration, and planning to folks that need help with personal finance issues. This could be a debt burden, collectors, foreclosure, insurance problems, etc.

Be careful about the distinction between “coach” and “counselor.” Coach is a loose term that doesn’t require any particular formal accreditation. However, counselor is a much more viable title, requires much more training and experience, such as ours – AFCPE® Accredited Financial Counselor®.

Hey, even the best professional athletes, musicians, actors, and others have and need coaches and counselors!

A money coach is very different from a financial advisor, who typically helps those who are in good financial shape and looking to invest (our goal is to turn you into the kind of person that needs a financial advisor!). Our intent is to “teach you to fish,” and in that light, we will never recommend or sell financial products or receive commissions from our interactions with you. We want you to be comfortable that our advice and guidance is completely in your interest and completely unbiased. We only charge for our time.

That said, we have extensive investing experience and teach you enough to make your own decisions, without having to give up a piece of your pie for that advice.

Our goal is to get you on your feet and running toward success in life. Our goal is to eliminate any money stress from you and your family. We’ll help you BE. DEBT. FREE (with dignity).

Got any client testimonials?2021-08-31T06:45:13-04:00

Sure, although understandably folks in this situation prefer to keep it private. Below are just a few comments from our many happy clients.

We engaged Bill’s services to eliminate debt and establish life long financial and habits. From the first phone call, Bill was friendly, professional, and knowledgeable. He presented all information in an easy to understand approach. Throughout the process, he checked in regularly to ensure we were meeting our goals and provided additional support as needed. With the information shared by Bill, we are excited to achieve milestones towards our lifelong financial goals. JL, PA, USA

We are so lucky to find Bill Hines! He has helped us understand much more about retirement, the how, when and why of it. He has been so patient and kind and generous with his time, knowledge and support. He maintains a healthy balance between being the spreadsheet data/numbers expert (and uses the most current and highly rated software programs out there) and friend, hand holder, confidence builder- a rare combination indeed. He knows his stuff, yet is open and loves to learn- another unique combination! His genuine and heartfelt passion to help and teach folks like me to better manage our finances- present and future- shines through every interaction we ever had with him. I trust his integrity, knowledge and intentions fully and feel very grateful to be working with him. LK, CA, USA

Bill is an amazing financial coach and he has been very helpful and helped us make strides towards our financial freedom. He shared a ton of useful information in bite sized pieces. He moves at a pace that you’re comfortable with and is readily available to answer questions. We will be using his services again very soon. Thanks Bill! Jay V, PA, USA

I am so grateful that I signed up with Bill to get debt free. He gave me so much information about how to take care of my finances, and I now have a ton of resources I can reference when making future investments in my home, and my retirement. Bill took the time to get to know me, and I feel like I’ve gained a family member through working together. His knowledge truly is worth the money, and it was at a rate that I could actually afford; his rates were significantly lower than other money coaches, and he didn’t make me sign a contract that locked me into having to work with him for a set number of months. Thank you so much, Bill! Patience B, IL, USA

“Bill, Thanks for all of your encouragement and for your steady hand during that phone call yesterday with Vanguard. I just know enough about investments to be dangerous. LOL but excited about learning more. Thanks for your encouragement and assistance to get this done! God bless, sincerely, Kathy” Kathy M, PA, USA

They removed the truck repossessed from two of my credit reports and the other one is in reviews . I did not have a chance to say thank you, to you. I thank God for my wife to meet you. I do believe in what you are doing. I did have a little doubts but after your presentation I was all in.

Thank you sir for your help and support. I’m greatly appreciated it. Luc J, PA, USA

“Bill is a great adviser for personal finance matters. Within 3 months of working with him, I managed to kill my debt by $20k. He was proactive, gave me brilliant advice, and followed up to ensure accountability (through weekly check-ins).

He also helped me to be regular with budgeting, offered advice even on the apps that might be helpful. He recommended books & useful websites. We created a plan to wipe out debt, build solid emergency fund and work out how to build wealth in future.

Very reasonably priced with the quality that is offered by him. I am happy with my decision to engage him & get my financial ducks in a row. Highly recommended for anyone willing to control their financial lives. I have already recommended him to a friend in Singapore. Thank you Bill & keep up the awesome work!” UMJ, Singapore

“From the very first communication, Bill showed genuine concern for us and our financial situation. Some of the other coaches we spoke with made it feel more like a business, but Bill felt like a true friend from day 1.

He consistently responded in a timely manner to all our emails and requests and provided us with a written plan within just a few days of receiving all of our input. The plan was detailed, well laid out and easy to understand. It was very apparent that he put a lot of personal thought, time and effort into it. We were very impressed!” Nancy B, NJ, USA

Bill gave me a roadmap and guidance for my future debt-free life. Before Bill was my coach I wasn’t sure how to budget or what tools I should even use.
Bill guided me through Every Dollar and also mapped out how fast I can be debt-free. That is pretty awesome! With this map I will be able to steer myself to a
a better life for myself now and my future for what’s to come. CD, NJ, USA

Oh my goodness… where to start!?! You were extremely helpful and instrumental in getting us through some of the toughest financial months of our lives! I can’t thank you enough for helping us navigate this disaster, and for the countless times you had to talk us (me) off the ledge. When we contacted you, as you know, we were on the brink (literally a day) of filing bankruptcy which seemed like it was the only way out. In fact, we still met with a lawyer even after speaking with you a handful of times. But you kept us holding on for hope and thank goodness we did not file or this would have been an even bigger problem than it already was! Knowing we could trust you and be completely honest with you when we had no one else to talk to brought a lot of peace throughout the process. Thank you for coaching me through many phone calls with the creditors, as well as speaking to the bank on our behalf when we just didn’t even know where to start or what to say. I will always recommend you to people! JH, NJ, USA

There is so much to say about Money Coach Group, I don’t even know where to begin. My husband and I have been working with Bill since 10/2019 and the growth we have experienced in our personal finance journey has been incredible. We had been well on our way in a debt pay off journey when we reached out to Bill for help…we had been through Financial Peace University so we knew what to do, but didn’t always know HOW to do it and often lost steam. We came to Bill needing someone to lay out a road map and help us see the possibility of conquering what felt like an insurmountable mountain of debt. Bill has educated us and, more importantly, supported us through the highs and lows of a debt pay off journey on a variable income (through a pandemic). At present time, we have successfully cleared out all of our consumer debt and are now about to start tackling our student loans with a vengeance. Bill was the first person we reached out to when we paid off our last consumer debt, a car loan, 27 months early!!! We are so proud of our progress and thank God for the blessing of being able to work with Money Coach Group as we rewrite our financial story. We look forward to celebrating many more milestones with Bill as we continue to hit our goals!! Thank you, Bill!! We could not do this without you! 🙂 JM, NJ, USA

How are you different/better than others?2022-10-10T09:45:57-04:00

First, be very careful. Unfortunately, there’s a whole industry built around preying on those who are having financial problems. It’s pure evil. That’s why we’ve aligned with the two most ethical organizations out there, as an AFCPE® Accredited Financial Counselor® and Ramsey Solutions Master/Preferred Financial Coach.

Our business was built to help people, not for excessive greed or profit. We’re inexpensive for that reason, but we provide incredible value.

Other financial coaches or money coaches only offer ‘package’ plans, where you must sign up for a series of sessions that cost a thousand or more dollars. We don’t lock you in. When you’re ready to fly, we’re happy for you!

Get invaluable career coaching from a former executive with a lifetime of experience.

We provide an inexpensive way to start. We’ll analyze your situation and build a customized roadmap to reach your financial goals. If you want more guidance, you’re free to schedule a follow-up session, or series of them, as your needs dictate.

Are you a CFP? What are your credentials?2022-07-07T10:00:10-04:00

Good question. A Certified Financial Planner (CFP) is someone who provides investment advice and manages your investment portfolio. They sell investments and generally work with clients that are in good shape financially. At Money Coach Group, our mission is to help folks who aren’t in good shape financially and need help. We don’t sell anything, other than our time and expertise. Our goal is to get our clients to the point where they need a CFP, meaning they have no debt and are building their wealth/retirement portfolio. That said, our sister company Emancipare can do all those things for you, using the same principals of ethics, mentoring, and affordability!

As far as our credentials, currently those are:

AFCPE® Accredited Financial Counselor® – AFCPE ensures the highest level of knowledge, skill and integrity of the personal finance profession by certifying, connecting and supporting diverse and capable professionals who serve communities worldwide.

Ramsey Solutions Master Financial Coach and Financial Peace University Instructors (Dave Ramsey has fifteen million followers – we’re proud to be part of his network!)

School of Hard Knocks Graduate – This is by far our most valuable and treasured credential. We’ve been where you are. We know how it feels to dread getting the mail each day or when a debt collector calls. We know how to fix that and we want badly to help you to never have those stressors in your family’s life again. BE. DEBT. FREE!

Can I just do this on my own?2018-11-13T10:17:07-05:00

Possibly. It takes intense discipline and will likely take you much longer and cost a lot more. A better compromise is to take our inexpensive Debt-Free Plan option and use it as your roadmap.

We use a huge repository of knowledge and information to help our clients. We’ll teach you budget hacks, how to deal with collectors, tax hacks, lifestyle hacks, and suggest side hustles to boost your income.  All of that goes into building a plan that’s just right for you.

If you’re a disciplined, self-motivated individual you can take our plan and execute the mission throughout its completion without any further assistance. We simply build you the roadmap to BE. DEBT. FREE.

But some folks aren’t as sure, are too busy, and want an accountability partner to help them stay on track. For those cases, we suggest followup appointments.

How does this work?2018-11-13T09:52:39-05:00

We want to help you the least expensive way. You can either sign up for us to build you a customized Debt-Free Plan, a guide to how to pay off your debt (and stay out of debt), or  sign up for the Debt-Free Workshop, which combines the Guide with a two-hour private workshop via phone, video conference, or face-to-face (in central Delaware).

Depending on which option you choose, it works like this:

Step 1: Schedule a fifteen-minute Meet & Greet call. We’ll talk about your goals and make sure we’re a good match.

Step 2: After we’ve both signed a simple one-page agreement, we’ll get the specifics of your cash flow and issue.

Step 3: We’ll thoroughly analyze that information to build your customized Debt-Free Plan, which contains personal finance tips to help you to stay out of debt.

Step 4: You’ll use our calendar to schedule your two-hour Debt-Free Workshop so we can go over the plan together and make adjustments.

Step 5: After the meeting, we’ll implement the tweaks we discussed and send you the final version of the plan.

Step 6: Now it’s your turn. Implement the plan! You’ll find it easier every day. You’ll be on your way to BE. DEBT. FREE!

Step 7: If you decide you want follow-up visits to tweak the plan, ask questions, or simply use us as an accountability partner, just purchase and schedule it on our website!

Step 8: BE. DEBT. FREE! Start building wealth and giving.

Where do we do this? How do we meet?2019-12-06T15:54:12-05:00

We are based in Bethlehem, PA (USA) but help clients around the world via conference calls, video conference, or face-to-face in the Lehigh Valley, Pennsylvania area. When you schedule your appointments, just choose the option that you’re most comfortable with. Because most of our clients choose virtual meetings, we don’t pay for fixed office space that would be seldom used (hey, we’re frugal!). If customers prefer in-person meetings, we typically use office space at the offices of our partners or private library meeting rooms. These spaces are private, quiet, and secure.

Are those prices your hourly rate?2018-10-15T19:19:11-04:00

Nah, not at all. For example, each session requires a ton of prep work to build your plan or prepare for our meeting. You provide us the data about your situation and we analyze it to build your debt elimination plan. We sift through all the techniques we know to find the ones that are best suited for your problem and your personality. It takes time to do it right. We want you to BE. DEBT. FREE.

I don’t want to give you my sensitive info.2018-10-15T19:20:07-04:00

We don’t ask for account numbers or any sensitive info. We don’t even need to know your real name. We only charge for our time. Our mission is to help you BE. DEBT. FREE.

What about those commercials that say they’ll negotiate and pay off my debt or fix my credit score?2019-02-16T12:04:26-05:00

Run. Seriously. Please don’t do this. Not much is as evil as taking advantage of folks that need help. Read my blog post Debt Predators and Quick Fixes.

Is this private or group meetings?2018-10-16T07:49:54-04:00

Our two-hour Debt-Free Workshop is a private planning session between us and you (and your spouse, if you’re married). We do require that spouses attend, as success rate is low without buy-in from both.

Are you part of this FIRE thing?2018-10-17T07:42:16-04:00

The FIRE movement (Financial Independence, Retire Early) is a pretty cool movement that’s catching on with the younger generations. They’re rejecting the standard “life recipe” we’ve all been sold on: go to college, take on a bunch of student loan debt, graduate, get a big mortgage, a nice car or two (with loans of course), have 2.5 kids, take nice vacations and eat in fine restaurants (with food pictures) to show everyone on Facebook and Instagram what an ideal life you have, then work until you die to pay for all of the debt you’ve put yourself in to impress people you don’t even like. FIRE followers are living more minimalist lives, rejecting debt, saving half their income or more. They’re trading “things” for “freedom.” Go FIRE!

Sorry, got a bit carried away there. The answer is we’re already retired and doing this as a give-back to help folks BE. DEBT. FREE. If those folks happen to be young enough, that will surely lead them to the goals of FIRE. We certainly endorse the idea. After all, the borrower is slave to the lender!

How can you provide such inexpensive financial counseling?2020-01-08T08:19:12-05:00

How can we provide inexpensive financial counseling? Unlike most financial coaches/counselors, we charge a flat rate per month for all-access, not just “one meeting a month.” Most coaches charge per-meeting. Plus, they want you to lock into a contract for six months or a year. Some only do this part-time and have only taken an online-class recently as their ‘experience.’

We do this as our ministry, as give-back. We love helping people, so we’re generous with our time. We limit how many clients we take so we’re available to them any time they need us. Sometimes people get letters that scare them, or something bad happens, and they can’t wait a week or month for help. They need it immediately. We’re always available via email, text, and phone or webcam as long as we’re not in a meeting (but then immediately after).

We want to be there for others. We work hard at this, especially in the first month when we’re analyzing all of your information and building your plan to eliminate debt and start building wealth. It’s less than minimum wage, honestly, in that first month. We put a lot into it. The result is inexpensive financial counseling!

We only help people for as long as they need to get on their feet, no longer. We allow people to stop any time, and we’re proud of them when they feel they’re ready to go it on their own. We do always follow up to make sure everything’s going well, even though we’re not getting paid at that point. Because we care about people. Let’s get started now!

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